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GF Securities' net profit up 56% MoM in May

Jun. 7, 2012 (China Knowledge) - GF Securities Co Ltd<000776>, a major brokerage firm in China, announced yesterday that its unconsolidated net profit reached RMB 341 million in May this year.

The net profit last month reflected a 56% increase from RMB 219 million in the previous month and a 130% surge from RMB 148 million in the same month of 2011.

The brokerage firm saw its operating revenue jump 49.82% MoM to RMB 863 million in May.

As of the end of last month, the company's net assets had hit RMB 31.11 billion.

GF Securities said earlier that its unconsolidated net profit was RMB 824 million in the first four months of this year, and its operating revenue totaled RMB 2.22 billion in the period.

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